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Tuesday, January 12, 2010
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VOLUME 10
ISSUE 7
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Recent Headlines
A complete archive of recent news in the snacks & candy category
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TOBACCO
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Recent Headlines
A complete archive of recent news in the tobacco category
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MERCHANDISE
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Recent Headlines
A complete archive of recent news in the general merchandise category
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Uni-Marts Sale Done
Deals closed as Kwik Pik, other buyers pick up sites in court-ordered selloff
STATE COLLEGE, Pa. -- With the final closings on the sale of its 204 convenience stores finalized on Thursday, Uni-Marts Inc. has completed the court-ordered sale of its retail sites. As reported in CSP Daily News in October, Kwik Pik LLC, an affiliate of Lehigh Gas Corp., purchased 144 of the stores, and the remaining 60 sites were divided among 25 other purchasers.
The closing of the sale of 138 of the assets to Kwik Pik was completed on Dec. 30, 2009, with a closing on the remaining six assets on Jan. 8, 2010; 60 of the assets were sold to 25 various other purchasers and those closings occurred at various times during the period from October 30, 2009 through January 7, 2010.
FULL STORY
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11 to Lukoil
Sale of 11 Getty stations part of ongoing restructuring process
PHILADELPHIA -- As part of Getty's restructuring, the company sold 11 Philadelphia gas stations to Lukoil for a total of $9.8 million. The restructuring, announced in mid-November, included exiting the direct-supplied retail gasoline business. The highest price it paid for one of the stations was $1.6 million and the lowest was $652,700.
This acquisition continues the spread of the Lukoil brand throughout the region, said the report. Lukoil bought 750 Mobil stations throughout New Jersey and Pennsylvania in 2004 and converted them to Lukoil. In 2000, the Russian oil company bought Getty Petroleum Marketing and has been making the switch at more than 1,000 stations.
FULL STORY
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Heineken to Buy FEMSA Cerveza
Deal drives growth in Mexico, U.S., Brazil
AMSTERDAM -- Heineken said it will create a major new platform for growth by acquiring the beer operations of FEMSA via an all-share transaction. Heineken will acquire FEMSA Cerveza, comprising 100% of FEMSA's Mexican beer operations including its United States and other export business and the remaining 83% of FEMSA's Brazilian beer business that Heineken does not currently own.
FEMSA is the leading beverage company in Latin America. It controls a platform that comprises Coca-Cola FEMSA, the largest Coca-Cola bottler in the region; FEMSA Cerveza, one of the leading brewers in Mexico, with presence in Brazil, and an important beer exporter to the United States and other countries; and Oxxo, the largest and c-store chain in Mexico, with more than 7,300 stores.
FULL STORY
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All of the releases provided are protected by copyright and other applicable laws, treaties, conventions. All reproduction, other than for an individual user's reference, is prohibited without prior written consent. For editorial matters, please contact Greg Lindenberg at (630) 574-5075 ext. 233, glindenberg@cspnet.com. For advertising information, please contact Jim Bursch at (630) 574-5075 ext. 224, jbursch@cspnet.com. For subscription changes and problems, please contact Mary Magnani at (203) 283-9248 ext. 4, mmagnani@cspnet.com. Please email news, news tips, press releases, product releases, personnel announcements, daily poll suggestions, comments and other correspondence to glindenberg@cspnet.com. On Twitter: www.twitter.com/glcspdn. On Facebook: www.facebook.com/glcspdn. Fax: (630) 574-5175. Mail: Greg Lindenberg, CSP, 1100 Jorie Blvd. #260, Oak Brook, IL 60523.
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